Would you use NFC?

A lot of people hear NFC and just assume contactless payments, which admittedly has been the largest selling point, but you should remember it is just a communication method and has a large potential for various different uses and not just contactless payments.

and JanSt, to say we can live okay without banks is a ridiculous statement. :-P

A lot of people hear NFC and just assume contactless payments, which admittedly has been the largest selling point, but you should remember it is just a communication method and has a large potential for various different uses and not just contactless payments.

and JanSt, to say we can live okay without banks is a ridiculous statement. :-P

"ridiculous”?
Mate, I have 2 1/2 jobs, I own a house, a car, I have worked selfemployed for years, etc etc... I have NOT had a bank account for 22 years. I do not own a credit card. In my lifetime the majority of people DID not have a bank account.

Just because you don't have a bank account doesn't mean they're not necessary. Banks remove the 'double coincidence of wants' problem meaning that without banks the level of investment would be far lower and economic growth would be far lower meaning everyone's standard of living would be lower. That's just one example. Banks don't only provide people with bank accounts :-P, they're the foundations of the worlds financial systems.

Well I live in Seoul. Over here we've been using it for years. To be honest it is quite possible to live without a wallet, I can pay for all public transport (even taxis), buy stuff in shops and even withdraw cash (if absolutely necessary) using only my mobile phone.

Jeebus, when UK gets to this level NFC will be welcomed. Right now you cannot get around your day with just a credit card. You must have cash. McDonald's will not accept non chip and pin credit card. So unless you have EU credit card you will need cash. A lot of EU transportation systems will not sell you a ticket without EU credit card. If you are a tourist and get robbed you cannot buy a ticket to get to your hotel.
NFC is just a joke at this point.

We are a cashless society. You become part of it when your paycheck no longer arrives as cash in envelope.
Try withdrawing 10K cash from your bank and see what they will tell you. If you need to make electronic payment or transfer for same amount it's not a problem.